City of Somerville, Massachusetts - File #: 23-0926

• File #: 23-0926
• Version: 1
• Type: Mayor's Request
• Status: Approved
• File created: 5/30/2023
• In control: City Council
• On agenda: 6/8/2023
• Final action: 6/27/2023
• Enactment date: 6/22/2023
• Enactment #: 215668
• Title: Requesting the rescission of $13,232,471 of authorized but un-issued borrowings.
• Indexes: Finance-Assessing, Finance-Auditing, Finance-Budget, Finance-Grants Development, Finance-Procurement & Contracting Services, Finance-Treasury
• Code sections: Bond/BAN -

Date	Ver.	Action By	Action	Result
6/27/2023	1	City Council	Mayoral Approval
6/22/2023	1	City Council	Approved	Pass
6/21/2023	1	Finance Committee	Recommended to be discharged with no recommendation
6/8/2023	1	City Council	Referred for recommendation

Agenda Summary

title

Requesting the rescission of $13,232,471 of authorized but un-issued borrowings. 

body

Official Text

To the Honorable City Council:

The Mayor hereby requests, pursuant to Massachusetts General Laws Chapter 44, that $13,232,471 of the $14,741,600 authorized to be borrowed to pay costs of the attached list of projects be rescinded and of no further force or effect.

Appropriate staff will be available to answer any questions about this borrowing rescission you may have. Thank you for your consideration of this matter.

Respectfully,

 Katjana Ballantyne, Mayor